Licensing Agreements Cover Two High Volume Bands Converted From Joint
Development Agreements and a New Quadplexer

GOLETA, Calif.--(BUSINESS WIRE)--
Resonant Inc. (NASDAQ: RESN), a designer of filters for radio frequency,
or RF, front-ends that specializes in delivering designs for difficult
bands and complex requirements, today announced it has signed three new
licensing agreements with a leading Tier one RFFE component vendor.

The new licensing agreements encompass two high volume bands that were
converted from joint development agreements (JDAs), as well as a new
quadplexer. Together, Resonant now has three designs under development
with this customer, all of which are now under formal licensing
agreements. Upfront payments and milestone payments have been agreed
upon, but will not be disclosed due to the confidential nature of such
agreements.

“Our customers continue to express their confidence in Resonant,
evidenced not only by the ongoing conversion of JDAs into formal
licensing agreements, but the signing of new licensing agreements,” said
George Holmes, CEO of Resonant Inc. “This quadplexer represents our
sixth under development and leverages the power of our ISN platform to
develop these complex RFFE solutions. It is also worth noting that this
customer doesn’t own its own fab, which demonstrates gaining momentum in
a fabless filter model, which is similar to the model traditionally used
in the production of semiconductors. By working with this RFFE customer,
they can evaluate Resonant’s design tools, IP and services team to
design and partner with a third party fab to cost-effectively deliver
high value filters, duplexers and quadplexers.

“With the increasing complexity required by carrier aggregation and the
industry-wide constraint on design capacity, the need for rapidly
evolving technology capabilities is vital. The demand for smaller,
lighter and thinner mobile devices with increasing video and other high
data-rate capabilities is helping to fuel the need for our now sixth
quadplexer design.”

About Resonant Inc.

Resonant is creating software tools and IP & licensable blocks that
enable the development of innovative filter designs for the RF
front-end, or RFFE, for the mobile device industry. The RFFE is the
circuitry in a mobile device responsible for the radio frequency signal
processing and is located between the device’s antenna and its digital
baseband. Filters are a critical component of the RFFE that selects the
desired radio frequency signals and rejects unwanted signals and noise.
For more information, please visit www.resonant.com.

About Resonant’s ISN® Technology

Resonant can create designs for hard bands and complex requirements that
we believe have the potential to be manufactured for half the cost and
developed in half the time of traditional approaches. The Company’s
large suite of proprietary mathematical methods, software design tools
and network synthesis techniques enable it to explore a much bigger set
of possible solutions and quickly derive the better ones. These improved
filters still use existing manufacturing methods (i.e. SAW) and can
perform as well as those using higher cost methods (i.e. BAW). While
most of the industry designs surface acoustic wave filters using a
coupling-of-modes model, Resonant uses circuit models and physical
models. Circuit models are computationally much faster, and physical
models are highly accurate models based entirely on fundamental material
properties and dimensions. Resonant’s method delivers excellent
predictability, enabling achievement of the desired product performance
in roughly half as many turns through the fab. In addition, because
Resonant’s models are fundamental, integration with its foundry and fab
customers is eased because its models speak the “fab language” of basic
material properties and dimensions.

Safe Harbor/ Forward-Looking Statements

This press release contains forward-looking statements, which include
the following subjects, among others: the status of filter designs under
development and the capabilities of our filter designs. Forward-looking
statements are made as of the date of this document and are inherently
subject to risks and uncertainties which could cause actual results to
differ materially from those in the forward-looking statements,
including, without limitation, the following: our limited operating
history; our ability to complete designs that meet customer
specifications; the ability of our customers (or their manufacturers) to
fabricate our designs in commercial quantities; the ability of our
designs to significantly lower costs compared to other designs and
solutions; the risk that the intense competition and rapid technological
change in our industry renders our designs less useful or obsolete; our
ability to find, recruit and retain the highly skilled personnel
required for our design process in sufficient numbers to support our
growth; our ability to manage growth; and general market, economic and
business conditions. Additional factors that could cause actual results
to differ materially from those anticipated by our forward-looking
statements are under the captions “Risk Factors” and “Management’s
Discussion and Analysis of Financial Condition and Results of
Operations” in our most recent Annual Report (Form 10-K) or Quarterly
Report (Form 10-Q) filed with the Securities and Exchange Commission.
Forward-looking statements are made as of the date of this release, and
we expressly disclaim any obligation or undertaking to update
forward-looking statements.

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About

The filtering problems of RF front-ends are rapidly becoming so complex that very few companies can solve them. At Resonant, we have developed a fundamentally new suite of technologies we call Infinite Synthesized Networks®, or ISN®, to configure and connect acoustic resonators, which are the fundamental building blocks of RF filters.